Hitachi aiming rapid expansion of power electronics business
November 16, 2015 3:14 pm
November 16, 2015 3:14 pm
Hitachi Ltd, announced that it has made Hitachi Hi-Rel Power Electronics Pvt. Ltd., a subsidiary that manufactures and sells power electronics (PE) products in the Republic of India, a wholly-owned subsidiary of Hitachi. The acquisition was completed when the remaining shares were purchased from the promoters and employees. This transaction will not result in any changes to the company name or the management structure.
In October 2011, Hitachi made Hi-Rel Electronics Pvt. Ltd. (“Hi-Rel”) a subsidiary of Hitachi, and established “Hitachi Hi-Rel,” to strengthen PE business in India, positioning it a first operation base for global business development.
To pursue this strategy, Hitachi Hi-Rel added high voltage industrial inverters, Power Conditioning Systems (PCS) for large-scale Photovoltaic generation facilities, and large-scale Uninterrupted Power System (UPS) to the industrial UPS and related products that Hi-Rel had been manufacturing and selling for 25 years. Hitachi Hi-Rel has roughly tripled its revenues over the past four years.
On May 1, 2015, Hitachi established the industrial products company as a new in-house company to increase the competitiveness of the industrial component business and to expand this business on a global scale. By following this growth strategy, Hitachi Hi-Rel became a full subsidiary. By further expanding PE business, Hitachi will contribute to the development of industry in India and throughout the world.
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November 16, 2015 3:14 pm
Hitachi Ltd, announced that it has made Hitachi Hi-Rel Power Electronics Pvt. Ltd., a subsidiary that manufactures and sells power electronics (PE) products in the Republic of India, a wholly-owned subsidiary of Hitachi. The acquisition was completed when the remaining shares were purchased from the promoters and employees. This transaction will not result in any changes to the company name or the management structure.
In October 2011, Hitachi made Hi-Rel Electronics Pvt. Ltd. (“Hi-Rel”) a subsidiary of Hitachi, and established “Hitachi Hi-Rel,” to strengthen PE business in India, positioning it a first operation base for global business development.
To pursue this strategy, Hitachi Hi-Rel added high voltage industrial inverters, Power Conditioning Systems (PCS) for large-scale Photovoltaic generation facilities, and large-scale Uninterrupted Power System (UPS) to the industrial UPS and related products that Hi-Rel had been manufacturing and selling for 25 years. Hitachi Hi-Rel has roughly tripled its revenues over the past four years.
On May 1, 2015, Hitachi established the industrial products company as a new in-house company to increase the competitiveness of the industrial component business and to expand this business on a global scale. By following this growth strategy, Hitachi Hi-Rel became a full subsidiary. By further expanding PE business, Hitachi will contribute to the development of industry in India and throughout the world.
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